FlexShopper price target raised to $4 from $2 at Maxim

Maxim raised the firm’s price target on FlexShopper (FPAY) to $4 from $2 and keeps a Buy rating on the shares after its Q3 results topping estimates on revenue and adjusted EBITDA. The company’s new strategy offers third-party financing on its online B2C marketplace to customers who are above and below its core “credit box”, and these expanded offerings, along with more retail locations for FlexShopper’s B2B line of business, helped drive the beat, the analyst tells investors in a research note.